Political Quotes

Wayne Allard: If we look at it overall, we plan on saving, in interest over the 20 year period, $3.2 trillion. Now, if we look at our…

On the recordApril 5, 2000
If we look at it overall, we plan on saving, in interest over the 20 year period, $3.2 trillion. Now, if we look at our debt payment over 5 years in surplus, then we are going to be paying down our trust fund. In 2006, we are going to be looking at--let me get the figure out here--a total of having paid down the surplus in 5 years of $982.7 billion and a savings of the interest, which would be that much less since we have to pay interest on it.
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Wayne Allard

Editor's note · Context

Discussing projected savings and debt payments during a budget-related debate.

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